Member Info for NellyB

Krapp.

I never claimed the 50,000 barrels per day, neither did I defend this claim.

I Said "Star Child adds a great deal of informed thought and research to this forum"

I asked you to substantiate that 50,000 barrels per day is NOT true, as you claim.

You misquote me, call me thick as a plank and clearly cannot either read a statement, or answer a very simple question.

You have nothing but grief and trolling to offer. I for one am permanently filtering you. I suggest anyone wanting sensible debate, backed up by research, do the same and let this forum return to a pleasant place to share information, as it was before this piece of Krapp turned up here.

FILTER ENGAGED

So no pearls of widom for the board about the average production rate of deep sea wells then?

Thought not.

If I knew you were part of the CERP deal, I would have voted against the merger.

Irene, I didn't claim 50,000 was the average. I ASKED YOU to ENLIGHTEN us what the average is.
The quote from google which I provided was:
"People also ask How much oil does an offshore well produce?
Productivity. Deepwater wells have the capacity to produce over 50,000 barrels of oil each day. One well can often access a large reservoir." End quote

My quick calcs of UK production bring the AVERAGE of all UK wells to circa 12,500 barrels a day.

Yet again, you put others down and bring NOTHING to the table but negativity and dross.

If you refute the AVERAGE of all deep sea well production to be 50,000 barrels per day, please tell us all the facts, with a credible source, or pipe down.

Stena Icemax ship currently underway to Las Palmas. Does anyone know more details about whether this is the last expected destination before heading to the bahamas?

Where is the ship?
Drill Ship STENA ICEMAX is currently located at WAFR - West Africa at position 29° 36' 31.788" N, 13° 43' 43.788" W as reported by MarineTraffic Terrestrial Automatic Identification System on 2020-09-17 14:43 UTC (5 minutes ago)
The wind in this area at that time blows from North direction at force 4 Beaufort.

Where is this vessel going to?
The vessel departed from GIBRALTAR EAST ANCH, GI on 2020-09-14 08:44 LT (UTC +2) and is currently sailing at 7.0 knots with Southwest direction heading to LAS PALMAS, ES with reported Estimated Time of Arrival at 2020-09-18 10:00 LT (UTC +2) local time (in 17 hours, 11 minutes )

What kind of ship is this?
STENA ICEMAX (IMO: 9517575) is a Drill Ship that was built in 2012 (8 years ago) and is sailing under the flag of United Kingdom.
It’s carrying capacity is 55000 t DWT and her current draught is reported to be 15.6 meters. Her length overall (LOA) is 227.8 meters and her width is 42 meters.

https://www.marinetraffic.com/en/ais/details/ships/shipid:199104/mmsi:235092459/imo:9517575/vessel:STENA_ICEMAX

Irene, you point me to this comment: "Really Nelly, informed comment like "the average offshore well produces 50, 000 bbls/d"

Perhaps you'd like to enlighten us all with what to AVERAGE offshore well produces per day, with a source reference? A quick google search states: People also ask
How much oil does an offshore well produce?
Productivity. Deepwater wells have the capacity to produce over 50,000 barrels of oil each day. One well can often access a large reservoir.

Star Child adds a great deal of informed thought and research to this forum. You, Irene, add a vomity taste to the back of my throat and nothing more. Why are you even here?

Apologies if this has already been posted before - lots of recent posts to look through.
Some very strong wording, all but spelling out Government approval and orders:
----------------------------------------------------------------------------------------------------------------------------------
"COVID-19 Rapid Test

Part of the UK Rapid Test Consortium ("UK-RTC") to jointly develop and manufacture a COVID-19 point-of-care antibody test as part of the UK Government's five pillar national testing strategy for COVID-19.

We are delighted to be part of this consortium and to support the Scottish and UK Governments' efforts to combat the coronavirus pandemic and look forward to using Omega's manufacturing knowledge and capabilities in supporting and furthering this objective." Colin King, CEO of Omega

http://www.omegadiagnostics.com/Products/COVID-19/COVID-19-ELISA
http://www.omegadiagnostics.com/Products/COVID-19

Harryoffdock: "SO IN MY OPINION ONLY WE ARE BEING MANIPULATED INTO A VERY LOWBALL TAKEOVER. WHICH WE WILL BE TOLD IS OUR BEST INTERESTS BY BOD. AS FINANCING AS NOT BEEN FORTHCOMING AND ARE DEVASTATED TO HAVE TO TELL THIS TO THEIR LOYAL SHAREHOLDERS, ALL MY OWN OPINION OF COURSE THAT I MUST STIPULATE, IF WE ARE SOLD OUT FOR KIPPERS SOME OF MY POSTS COULD BE USED AS MITIGATION AND FRAUD"

Harry, if you believe this then why don't you just sell up and move on? I will never get my head around those that continually de-ramp their own shares. All you do is help to deter new investors and sabotage the share price and your own pocket.

The 'moonshot plan' needs a massive ramp up in production capacities to be able to deliver multi-millions of daily tests. How can that happen without more government money and confirmed orders, to incentivize that production? Get your cheque book out, Boris. :o)

Direct from Abingdon website, if you prefer:
https://www.abingdonhealth.com/uk-covid-19-rapid-antibody-tests-approved-for-professional-use/

Validation results:

In an evaluation of three validation batches, the test showed a sensitivity of 98.03% (95% confidence interval 95.03% to 99.46%) and specificity of 99.56% (95% confidence interval 98.40% to 99.95%).

For continual mass testing, such as at airports, it makes more financial sense to invest in the most accurate and cost-effecftive testing. I-abra test uses specialist equipment to visually identify the virus in saliva samples. This will never be an option for home-testing, without a significant turn-around time. This is not a direct competitor to the Abc-123 test, but may remove some potential mass-market customers for ODX products:

https://www.ft.com/content/763adbe8-5059-4528-8d06-baf525dfc7d7

"With iAbra’s Virolens test, a digital camera attached to a microscope is used to analyse saliva samples, with the data then run through a computer. Each digital camera machine can process several hundreds of tests per day, the company said.
iAbra said the cost of the machine that processes the data is less than $20,000, with each testing kit equivalent to “roughly the price of a paperback book”.

Studies conducted by the University of Bristol found that the test had 99.8 per cent sensitivity, identifying all real cases and avoiding false negatives.

I think it's fair to say that when ODX releases news, we know it's going to be accurate.

Can someone with a good understanding of the industry draw some financial comparisons with Rockhopper's 2010 Sealion discovery in the Falklands?

I know the RKH SP was as low as 12.25p in March of 2009, before the discovery of 240Mbboe, mid 2010.
The SP rose as high as £5.60/share in September 2010. What I can't remember are the number of shares in issue and the share of the discovery to Rockhopper vs share to drill partner. I believe the oil price at the time was around $100/barrel.

There are those that see their glass as half full. There are those that see their glass as half empty, then there is Irene, who has her glass upside down!

We don't know there there have been no farm-in offers. We just know that a farm-in deal hasn't been struck, on agreeable terms.

ITS not expected before Sept 1st:

At any time after 1 September 2020 but prior to 1 November 2020, Stena must provide to BPC a commencement notice, which notice must specify: (i) the specific drilling rig to be deployed by Stena,

(ii) the location(s) which that drilling rig will be mobilised from / demobilized to, and

(iii) the date within the drilling window on which that drilling rig will arrive on location and be ready to commence drilling operations.

https://www.lse.co.uk/rns/BPC/drill-rig-contract-signed-huhi4c8mw7067py.html

Regarding the BOD shareholding, my apologies if I was wrong.

My figures came from the August 13th 2020 Operational and corporate update PDF, page 6 (actually page 7), where it clearly states "Board and Management Ownership 9.23%" on the left side of the page, under the 'Key Market Stats' http://www.rns-pdf.londonstockexchange.com/rns/9823V_1-2020-8-12.pdf

I did not mean to mislead, if this info is wrong.

Also where I say that the "BOD the bod have said one one of the key reasons for the merger was to be able to secure financing for the P1 drill, by diversifying their assets/portfolio" I meant that they said this was to be able to secure funding, on more favourable terms, to the already agreed CLN notes, on the table.

Findme, the bod have said one one of the key reasons for the merger was to be able to secure financing for the P1 drill, by diversifying their assets/portfolio. BPC have played a blinder so far with getting P1 to the point of drill-ready, whilst retaining 100% of the asset. Many other small cap companies would have accepted a low-ball offer from a farm in partner, that would give away over 60% of the asset.
The newly diversified portfolio is a more attractive and stable risk profile for investors. Without this diversification BPC would struggle to progress, IF P1 turns out to be a duster.
I firmly believe in the BOD's ability to leverage the best out of the enlarged group drill sites and prospects. They had the foresight to hoover up cheap licenses, when the industry as a whole is massively struggling.
The BOD have circa 10% of the entire shareholding and their interests are highly aligned with providing shareholder value, going forwards.

BPC and CERP merger vote PASSED:
https://www.londonstockexchange.com/news-article/BPC/result-of-cerp-court-and-general-meeting/14630214

The BPC board are seasoned professionals, with a significant shareholding.

One of the main criteria for expanding their footprint of territory and assets, is to diversify the BPC portfolio, to allow the company to secure funding on more favorable terms, as stated by Etyan on the most recent proactive investors podcast.
BPC team have the technical expertise and experience to leverage the best value from the CERP assets for the enlarged group.

Perserverance 1 drill funding is already secured, but BPC are still working away in the background to secure funding options at cheaper rates. There is no need to sell CERP assets, to fund Perseverance drill.

The Uruguay license that BPC picked up last month was secured at a very low cost of $200,000 per year for 4 years, with an estimated resource potential of 1 billion barrels of oil equivalent, with little work needed to retain the license. This size of prospect would usually be financially beyond reach, without the Covid19 downturn.

BPC is no longer a one trick pony, with a binary outcome.

To any CERP holders concerned about where BPC are going, be aware that the BPC share price has been as high as 7p, purely on news that a supermajor had paid for exclusive access to the dataroom. This was before the environmental authorisation to drill was even granted. As we head toward the Perseverance drill, look forward to the pre-drill scramble for new investors to get in on the action and drive to SP into the range of 7p-10p, prior to spud.

All IMO.